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FINANCIAL NEWS
China signs USD20b deal with Egypt for new capital project
04 Oct 2016
(MENAFN) China Fortune Land Development signed a deal in order to develop and manage 14.000 acres of Egypt”s new administrative capital at USD20bn cost.
Additionally, the development will include homes and offices and all related infrastructure, which will take place in the second phase of building of the new capital east of Cairo.
Moreover, amid the development and infrastructure investments was an agreement to build the new capital”s first phase, which will cost almost USD45bn.
The new capital will be the size of Singapore, which will have an airport larger than London”s Heathrow, a building taller than Paris”s Eiffel Tower.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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